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| Section | Objectives |
|---|---|
| Topic 1: Revenue Contracts and Performance Obligations | - Revenue allocation rules - Identification of performance obligations - Contract creation and management |
| Topic 2: Revenue Recognition and Accounting Rules | - Adjustments and reallocation scenarios - Revenue recognition models - Standalone selling price allocation |
| Topic 3: Oracle Revenue Management Cloud Service Overview | - Core concepts of Revenue Management Cloud Service - Business use cases and industry applications |
| Topic 4: Reporting and Troubleshooting | - Standard reporting capabilities - Error handling and reconciliation |
| Topic 5: Integration and Data Flow | - Source data ingestion and transformation - Integration with Oracle ERP Cloud |
| Topic 6: System Configuration and Setup | - Initial setup and configuration options - Enterprise structures and accounting setup |
1. A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?
A) Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
B) Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
C) Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
D) Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
E) Run the Calculate Observed Standalone Selling Prices program to derive prices.
F) Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
2. Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
A) Standalone Selling Prices Allocated
B) Performance Obligation Satisfied
C) Performance Obligation Billed
D) Revenue Recognized
E) Initial Performance
3. Which is the following is NOT a feature of personalization
A) Changing text font
B) Configuring table columns
C) Selecting default language
D) Saving searches
4. Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
A) multiple accounting representations
B) centralized accounting solution
C) General Ledger journal creation
D) stand-alone selling price derivation
E) revaluation of assets and liabilities
F) General Ledger account derivation based on predefined events
5. The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
A) Oracle General Ledger
B) Oracle Receivables
C) Oracle Revenue Management Cloud
D) Oracle Subledger Accounting
Solutions:
| Question # 1 Answer: D,E | Question # 2 Answer: B,D,E | Question # 3 Answer: A | Question # 4 Answer: A,C,E | Question # 5 Answer: C,D |
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